![image](https://img.esteem.ws/1x3ur0umjs.jpg)

### The “London Inter Bank Offered Rate” 
This is an averaging of interest rates upon which banks lend and borrow from each other.  In other words a price for money.

Did you know that all contracts monetarily settled among banks and businesses use this fluctuating rate.  

### A personal note

Well on a more personal note did you also know your credit card, home mortgage, auto or school loan also depends on this rate?  Did you also know that it is ending at year end 2021?

So what does that mean... well all contracts (loans, mortgages, credit cards, etc.) will need to be restructured... and not to your benefit.

Yes even your fixed rate mortgage will be reset as in the fine print (you probably didn't read or didn't understand), is the ability for the lender to do the switcheroo on you.

### The Most Important Number in Finance

<center>https://rasica.files.wordpress.com/2012/12/libor.jpeg</center>

And the banks have the legal right to change YOUR contracts; credit cards debt, school loans, mortgages, auto loans and all, without your permission or control.&nbsp; This will be the great financial reset... but they will not warn you or even let you in on this as it is a lie... it died along with the global financial system in 2008.&nbsp; The lie has been pushed forward and yes it does have a termination date.

With over 370 trillion contracts, (300 of which are notional derivatives), that are tied to the LIBOR rate...that means everything will need to be re-written.&nbsp; However it is not cut and dry as each contract has been cut into a myriad of pieces and patched together into trillions of derivitives that has gotten so complex, it is out of control and no one or no group can hold it together.

### Get out of debt now

The only way to somewhat insulate yourself from this reset is to be out of debt and own real assets... not held in their system.&nbsp; Gold and Silver are one layer of protection as they have no counter party risk and will soar in value when all other assets tied to contracts (yes even fiat currencies), get reset in 2021.&nbsp; Cryptos will be on the other side, but only if you have secured them (off exchanges).&nbsp; Exchanges themselves are more or less a derivative as they do not hold the cryptos in the amounts needed to fulfill all contracts.

Sources:&nbsp;
https://www.isda.org/a/g2hEE/IBOR-Global-Transition-Roadmap-2018.pd




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</div> Good Health – Evan Pantazi  
#Kyusho
 
Image Credit: johncole, rasicafiles